INVITATION TO PRESS CONFERENCE

AB Volvo hereby invites the representatives of the media to a press
conference on Wednesday, July 23, in conjunction with the release of the
Volvo Group's report on the first six months 2003.

Time:   10.00 hrs
        
Place:  Sparvagnshallarna
        
        Birger Jarlsgatan 57A
        
        113 81 Stockholm
        
        Tel +46 8 15 22 44
        
        Fax +46 8 15 30 66
        


At the press conference, Volvo will be represented by Volvo's CEO, Leif
Johansson, among others. Volvo's report on the first six months is
scheduled to be released at about 08:00 hrs on July 23 and the telephone
conference at 3.30 p.m is webcasted via volvo.com.

Welcome!

July, 4, 2003

AB VOLVO
Media Relations

The Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The Group
also provides complete solutions for financing and service. The Volvo
Group, which employs about 71,000 people, has production facilities in
25 countries and sells their products in more than 185 markets. Annual
sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a
publicly-held company headquartered in Goteborg, Sweden. Volvo shares
are listed on the stock exchanges in Stockholm, London, Frankfurt and on
NASDAQ in the US.